Anthony Scaramucci, a former White House communications director, predicted on Tuesday that President Donald Trump and Republican candidates will be defeated in the midterm elections. Speaking on CNBC’s "Squawk Box Europe," Scaramucci stated that voters are dissatisfied with the administration's failure to deliver on campaign promises, including economic affordability, ending foreign conflicts, and releasing files related to Jeffrey Epstein.
The predictions come as voters go to the polls on Tuesday, November 3, 2026, amid ongoing U.S. military involvement in Iran and a high cost of living. Scaramucci, who served 10 or 11 days in the Trump administration in 2017 before being fired, described the election as a "customer relations survey" on the president. He suggested that even within the "Make America Great Again" (MAGA) movement, some supporters are beginning to distance themselves from the president.
Polling and prediction markets heading into Election Day indicated a potential shift in legislative control. CNBC reported that prediction markets priced in a 75% chance of Democrats winning the Senate, while other polling suggested they might also reclaim the House of Representatives. Trump spent the month leading up to the election holding rallies in Republican-leaning states, though Scaramucci noted the president's recent public appearance at the Lincoln Memorial Reflecting Pool on Monday focused on its renovations rather than economic policy.
The outcome of these midterm elections will determine the legislative environment for the remaining two years of President Trump’s term. If Democrats secure control of the House of Representatives or the Senate, they could stall the president's policy agenda and initiate bicameral investigations into the administration. According to CNBC’s All-America Economic Survey from October 2026, 65% of respondents disapproved of the president's handling of the economy, while 80% rated the economy as fair or poor.
A Republican loss could also trigger what Scaramucci described as an "intellectual civil war" within the party as it decides its post-Trump direction. However, he noted that the MAGA movement would likely remain influential through 2028 due to several hundred million dollars in Political Action Committee (PAC) funds controlled by Trump.
Additionally, the election occurs during active military operations, with the U.S. launching strikes on Iran’s Qeshm Island late Monday. Scaramucci, identifying as "bearish" on a diplomatic breakthrough, stated that continued conflict is "bad for business" and could negatively impact the stock market. Official results from the Tuesday, November 3, 2026, elections will determine which party holds the majority when the next Congress convenes. While prediction markets provided early odds, final tallies will emerge as precincts report throughout Tuesday night and Wednesday.